Hong Kong will not pursue carbon-based taxation in its decarbonisation efforts, as maintaining a low and simple tax framework is central to the city’s competitive advantage, the financial chief has told a panel at the World Economic Forum. Speaking at the “How to Finance Decarbonization?” panel in Davos, Switzerland, Financial Secretary Paul Chan Mo-po said…
This is welcome. However, as climate ambition becomes the norm, a more uncomfortable question comes into focus: how many of these commitments are grounded in a serious understanding of what decarbonisation actually entails? What remains largely missing from Hong Kong’s climate conversation is analytical depth. Targets are plentiful; pathways are not. We talk often about…
(Bloomberg) — Chinese investors hunting for the next artificial intelligence winners are looking beyond high-flying chipmakers to the utilities and metal producers that form the industry’s physical backbone. The shift toward the sector’s supply chain — from power generators to materials used in data centers — reflects growing concern over lofty valuations in pure-play AI…
(Bloomberg) — Asian equities came under pressure after a tech selloff hit Wall Street Friday, with chip shares among the losers. Hong Kong was an outlier as Alibaba Group Holding Ltd. surged. The MSCI Asia Pacific Index slipped 0.2% with chipmakers pushing the Nikkei-225 index down by 1.8%. Samsung Electronics Co. and SK Hynix Inc….
A mainland Chinese driverless technology company with a research base in Hong Kong is in talks with several Middle Eastern countries to offer its autonomous airport vehicle solutions, its CEO has said ahead of meeting the city’s leader in Qatar. Speaking to the Post, UISEE CEO Wu Gansha also said the company’s partnership with the…
(Bloomberg) — Contemporary Amperex Technology Co. Ltd. is planning to seek at least $4 billion from its Hong Kong stock offering, people familiar with the matter said, which would make it the world’s biggest listing this year. The eventual proceeds could rise to $5.3 billion if the deal is upsized and the greenshoe exercised, according…
Hong Kong and the EU have pledged to strengthen ties in areas such as decarbonisation, even as the bloc’s top representative to the city said they would continue to critique the financial hub in a “constructive manner”. Delivering a pair of opening remarks at an event on Friday to mark Europe Day, both Harvey Rouse,…
Hong Kong and the EU have pledged to strengthen ties in areas such as decarbonisation, even as the bloc’s top representative to the city said they would continue to critique the financial hub in a “constructive manner”. Delivering a pair of opening remarks at an event on Friday to mark Europe Day, both Harvey Rouse,…